Hedera Hashgraph (HBAR)

Current price: $ 0.04

24 hours price change: $ 0.000290 (0.66%)

Daily analysis of Hedera Hashgraph (HBAR) - 6 months

The performance of Hedera Hashgraph regarding the price differs every day. To make the best decision to buy Hedera Hashgraph, we are analysis in this article the performance of Hedera Hashgraph on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on December 6th, 2019 to June 5th, 2020.

In the barchart below, the weekdays and average performance of Hedera Hashgraph are shown side by side.

Average daily change in price of Hedera Hashgraph per weekday between 12/06/2019 and 06/05/2020.

According to the performance of Hedera Hashgraph between December 6th, 2019 and June 5th, 2020, Hedera Hashgraph performed the best on Sundays. On average, the price of Hedera Hashgraph increased 0.49% on Sunday.

The weekday on which the Hedera Hashgraph performed the worst, is Wednesday. On Wednesdays, the Hedera Hashgraph declined in value on average by -0.61%.

Hedera Hashgraph weekday performance

On an average Sunday, the Hedera Hashgraph increased 0.49%. However, since the expected deviation is 2.06%, the Hedera Hashgraph will decline in value on a Sunday quiet regularly. The expected price change of the Hedera Hashgraph on a Sunday is between -1.57% and 2.55%.

Allthough the Hedera Hashgraph decreases in value with -0.38% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Hedera Hashgraph on Mondays is 1.44%. This means that the expected change of the value of Hedera Hashgraph is between -1.82% and 1.06% on 68 out of 100 Mondays.

Hedera Hashgraph increased in value on an average Tuesday only slightly. The average increase in value of the Hedera Hashgraph was 0.27%. Allthough the Hedera Hashgraph closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.05%). This means that on 68 percent of the Tuesdays, the change in price of the Hedera Hashgraph is expected to be in the range of -1.77% and 2.32%.

On Wednesdays, the Hedera Hashgraph decreases in value on average with -0.61%. On most of the Wednesdays the Hedera Hashgraph decreases in value between -2.69% and 1.47%. The uncertainty (2.08%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Hedera Hashgraph on Wednesdays is large.

Allthough the Hedera Hashgraph decreases in value with -0.49% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Hedera Hashgraph on Thursdays is 1.78%. This means that the expected change of the value of Hedera Hashgraph is between -2.27% and 1.29% on 68 out of 100 Thursdays.

On an average Friday, the Hedera Hashgraph increased 0.33%. However, since the expected deviation is 2.48%, the Hedera Hashgraph will decline in value on a Friday quiet regularly. The expected price change of the Hedera Hashgraph on a Friday is between -2.15% and 2.81%.

It is hard to tell whether the Hedera Hashgraph will increase or decrease in value on an average Saturday. The average change on a Saturday for the Hedera Hashgraph is -0.05%. However, the standard deviation on this weekday is 2.39%. This means that on most Saturdays, the change in value of the Hedera Hashgraph is between -2.44% and 2.35%.

Hedera Hashgraph weekday performance details

Find below the details of the performance of Hedera Hashgraph per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.49% 2.06% -1.57% to 2.55%
Monday -0.38% 1.44% -1.82% to 1.06%
Tuesday 0.27% 2.05% -1.77% to 2.32%
Wednesday -0.61% 2.08% -2.69% to 1.47%
Thursday -0.49% 1.78% -2.27% to 1.29%
Friday 0.33% 2.48% -2.15% to 2.81%
Saturday -0.05% 2.39% -2.44% to 2.35%
 

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